First Majestic Silver (FR) Reaches New 1-Year Low at $6.85
Shares of First Majestic Silver Corp. (TSE:FR) (NYSE:AG) reached a new 52-week low on Wednesday . The stock traded as low as C$6.85 and last traded at C$6.95, with a volume of 597259 shares changing hands. The stock had previously closed at C$7.09.
Several brokerages have commented on FR. National Bank Financial downgraded First Majestic Silver from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$10.50 to C$10.00 in a research report on Friday, January 26th. HC Wainwright reaffirmed a “buy” rating on shares of First Majestic Silver in a research report on Wednesday, October 18th. Finally, BMO Capital Markets downgraded First Majestic Silver from a “market perform” rating to an “underperform” rating and cut their price objective for the company from C$9.00 to C$7.50 in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. First Majestic Silver has an average rating of “Hold” and an average price target of C$9.90.
The firm has a market cap of $1,150.00, a PE ratio of 230.67 and a beta of -0.25.
First Majestic Silver Company Profile
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.
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